Mechel Puts Multibillion-Dollar Assets Up for Sale

Sep 27, 2012 | News

Moscow Times 27 September 2012 Coal and steel conglomerate Mechel announced it will sell its assets in eastern Europe and some Russian holdings and might also sell a 25 percent interest in its mining division, Mechel Mining. Mechel expects to raise $1.5 billion to $2...

ICVL to finalise overseas coal acquisition deal soon

Sep 23, 2012 | India, News

Business Line 21 September 2012 Hyderabad: International Coal Ventures Ltd, a joint venture company floated by five cash-rich state-owned companies to buy coal assets overseas, is likely to finalise at least one deal by the end of this fiscal. C.S. Verma, Chairman of...

Jindal Steel acquires CIC Energy for Rs 650 cr

Sep 6, 2012 | India, News

Business Line 5 September 2012 Jindal Steel and Power Ltd (JSPL) has acquired Canadian listed firm CIC Energy Corp for Rs 650 crore ($115 million). The acquisition will give JSPL access to CIC’s estimated six billion tonnes thermal coal assets in Botswana. Following...